FormFactor's Q1 earnings report showed growth in revenue driven by probe card segment

From Nasdaq: 2024-05-31 11:31:46

FormFactor’s Q1 earnings report saw a 5.26% miss on adjusted EPS, but a 0.8% revenue increase to $168.7 million. The company’s probe card segment drove growth, with revenues up 7.4% to $136.7 million. However, other segments like Foundry & Logic experienced declines. Operating margin contracted to 7.7%, with a 45% gross margin expected in Q1 2024.

Estimates for FormFactor have been trending upward, with a Zacks Rank #3 (Hold). The stock has an average Growth Score of C and a Momentum Score of A, but a Value Score of F. The outlook suggests in-line returns in the coming months. In the same industry, Advanced Micro Devices reported a 14.1% gain in the past month.

Advanced Micro reported a $5.47 billion revenue in the last quarter, a +2.2% YoY change. Expected earnings for this quarter are $0.67 per share, up 15.5% from last year. The company has a Zacks Rank #3 and a VGM Score of F. Experts have released 7 elite stocks expected to see early price pops, with a history of beating the market by 2X since 1988.



Read more at Nasdaq: Why Is FormFactor (FORM) Up 10.1% Since Last Earnings Report?